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The Conference Board’s report on consumer confidence for February might be the focus on Tuesday. The U.S. trade measures against China, Canada and Mexico are rekindling new fears among investors. <\/p>\n
As of 7.45 am ET, the Dow futures were adding 41.00 points, the S&P 500 futures were losing 3.00 points and the Nasdaq 100 futures were sliding 36.00 points.<\/p>\n
The U.S. major averages finished broadly lower on Monday. Dow inched up 33.19 points or 0.1 percent to close at 43,461.21, the S&P 500 fell 29.88 points or 0.5 percent to 5,983.25 and the Nasdaq tumbled 237.08 points or 1.2 percent to 19,286.92.<\/p>\n
The Nasdaq and the S&P 500 ended the day firmly in the red after President Donald Trump said previously delayed tariffs on Canada and Mexico are “going forward on time.”<\/p>\n
On the economic front, the Case-Schiller Home Price Index for December will be issued at 9.00 pm ET. In the prior montht eh 20-city adjusted home price index was up 0.4 percent. <\/p>\n
The Federal Housing Finance Agency or FHFA House Price Index is scheduled at 9.00 am ET. In the prior month, the Index was up 0.3 percent. <\/p>\n
The Consumer Confidence for February will be released at 10.00 am ET. The consensus is 103.0, while it was up 104.1 in January. <\/p>\n
The Richmond Fed Manufacturing Index for February will be published at 10.00 am ET. In the prior month, the Index was down 4. <\/p>\n
Five-year Treasury Note auction will be held at 1.00 pm ET. <\/p>\n
The Fed Money Supply for January will be announced at 1.00 pm ET. In the prior month, the M2 Level was at $21,533.8 billion. <\/p>\n
Fed Vice Chair for Supervision Michael Barr will speak on ‘Financial Stability’ before an event hosted by the Yale Program on Financial Stability at 11.45 am ET. <\/p>\n
Richmond Fed President Thomas Barkin will speak on ‘Inflation Then and Now’ before the Rotary Club of Richmond at 1.00 pm ET. <\/p>\n
Asian stocks declined on Tuesday. China’s Shanghai Composite index dipped 0.80 percent to 3,346.04. Hong Kong’s Hang Seng index tumbled 1.32 percent to 23,034.02.<\/p>\n
Japanese markets<\/span> fell sharply. The Nikkei average fell 1.39 percent to 38,237.79. The broader Topix index settled 0.43 percent lower at 2,724.70.<\/p>\n Australian markets ended notably lower. The benchmark S&P\/ASX 200 dipped 0.68 percent to 8,251.20 while the broader All Ordinaries index closed 0.73 percent lower at 8,498. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n